EFRAG issues draft endorsement advice on Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7)

  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image

21 Jul, 2023

The European Financial Reporting Advisory Group (EFRAG) has issued a draft endorsement letter and a separate invitation to comment relating to the use in the European Union (EU) of 'Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7)' ('the Amendments').

EFRAG recommends the endorsement of the Amendments. EFRAG’s initial assessment is that the Amendments meet the technical requirements of the Regulation (EC) No 1606/2002 of the European Parliament and of the Council on the application of international accounting standards.

Comments are requested by 11 September 2023.

For more information, see the press release, the draft endorsement advice letter and the invitation to comment on the EFRAG website.  EFRAG has also updated its endorsement status report to reflect the draft endorsement advice.

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